Last week Stock & Commodity Markets across the globe cherished on important global development FED introducing the much awaited QE3. Indian Stock Market made huge gains in the led by global and domestic cues. Market sentiments were boosted by hike in diesel prices by Rs5/litre and capping of subsidiased LPG Cylinder to 6/year. After the close of the market on Friday positive steps by the Government towards reforms and policy action like much awaited FDI in Retail(51%) and Aviation (49%), also in Power Trading and Broadcasting, in process of fiscal consolidation government announced disinvestment plan in 5 PSUs like Hind Copper, Oil India, Nalco, Neyveli Lignite & MMTC to raise about Rs15000 crore to meet the target of Rs30,000 crores in current fiscal, show that government has come in action now even after much criticism and opposition by the various parties, who have already hampered the growth of the nation in thier own vested interest. Thanks to our visionary Prime Minister, Dr. Manmohan for such a bold step and determination.
Going forward, market is keen to watch the political as well as economic developments. The RBI policy review scheduled on Monday,17th September 2012. Market is not expecting any changes in CRR or Repo-rate ( almost 85% of the analysts and participants ) however almost every one believes that RBI will take some major rate cut decision on its October 31st , 2012 Policy, however more concern is on the language of RBI and its stance in tackling the inflation and interest rate amid deteriorating IIP numbers and GDP growth, scaling inflation and pouring foreign funds affecting the forex rates. Hence its important to watch this event. Also sentiment could be affected if the allies of UPA going against the Government's steps take some bold decisions to withdraw from Government. As per the sources , Government is confident of its steps and it will not meet an end before the general elections of 2014.
Analysts and fund managers have turned their view positive in markets and majority believes that after the positive steps taken by the government, global fund managers view will change significantly in favor of India and in months to come it could attract huge investment allocation this could lead Indices to march ahead along with some correction to 5800 in near future (say by 30-45 days) and 6350++ by next 120-150 days.
Several time in past I have mentioned about the markets to march ahead and suggested buying on every fall, even when several experts in media were frightening and checking people to stay away and alert from the market that it will collapse and similar horrible stories..... Those who have bought the quality stocks suggested are in profit now......
Those who have still not participated and waiting for a correction , will never be able to get the stocks in near future as markets may rise significantly from here. Every dip will be bought as there will be deluge of funds from FIIs. Rupee may rise to 48/$. In short term Nifty may rise to 5800 and Sensex to 19500 levels.
Buy the following Stocks in delivery for 45-60 days:
1. CESC(306.30):Buy for a price target of 340-360-400++
2. DISH TV(76.65):Buy for a price target of 90-100++
3. TRENT(1075.00):Buy for a price target of 1150-1225-1400+++
4. BATA (957.50):Buy for a price target of 1000-1080-1200+++
5. ZEE ENT(169.95): Buy for a price target of 180-192-200++
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
Going forward, market is keen to watch the political as well as economic developments. The RBI policy review scheduled on Monday,17th September 2012. Market is not expecting any changes in CRR or Repo-rate ( almost 85% of the analysts and participants ) however almost every one believes that RBI will take some major rate cut decision on its October 31st , 2012 Policy, however more concern is on the language of RBI and its stance in tackling the inflation and interest rate amid deteriorating IIP numbers and GDP growth, scaling inflation and pouring foreign funds affecting the forex rates. Hence its important to watch this event. Also sentiment could be affected if the allies of UPA going against the Government's steps take some bold decisions to withdraw from Government. As per the sources , Government is confident of its steps and it will not meet an end before the general elections of 2014.
Analysts and fund managers have turned their view positive in markets and majority believes that after the positive steps taken by the government, global fund managers view will change significantly in favor of India and in months to come it could attract huge investment allocation this could lead Indices to march ahead along with some correction to 5800 in near future (say by 30-45 days) and 6350++ by next 120-150 days.
Several time in past I have mentioned about the markets to march ahead and suggested buying on every fall, even when several experts in media were frightening and checking people to stay away and alert from the market that it will collapse and similar horrible stories..... Those who have bought the quality stocks suggested are in profit now......
Those who have still not participated and waiting for a correction , will never be able to get the stocks in near future as markets may rise significantly from here. Every dip will be bought as there will be deluge of funds from FIIs. Rupee may rise to 48/$. In short term Nifty may rise to 5800 and Sensex to 19500 levels.
Buy the following Stocks in delivery for 45-60 days:
1. CESC(306.30):Buy for a price target of 340-360-400++
2. DISH TV(76.65):Buy for a price target of 90-100++
3. TRENT(1075.00):Buy for a price target of 1150-1225-1400+++
4. BATA (957.50):Buy for a price target of 1000-1080-1200+++
5. ZEE ENT(169.95): Buy for a price target of 180-192-200++
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
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